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Facebook changes parent company name to ‘Meta

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Facebook employees gather in front of a sign displaying a new logo and the name 'Meta' in front of Facebook headquarters
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Mark Zuckerberg

Mark Zuckerberg

Facebook chief Mark Zuckerberg on Thursday announced the parent company’s name is being changed to “Meta” to represent a future beyond just its troubled social network.

The new handle comes as the social media giant tries to fend off one its worst crises yet and pivot to its ambitions for the “metaverse” virtual reality version of the internet that the tech giant sees as the future.

Facebook, Instagram and WhatsApp will keep their names under the rebranding.

“We’ve learned a lot from struggling with social issues and living under closed platforms, and now it is time to take everything that we’ve learned and help build the next chapter,” Zuckerberg said during an annual developers conference.

“I am proud to announce that starting today, our company is now Meta. Our mission remains the same, still about bringing people together, our apps and their brands, they’re not changing,” he added.

Facebook critics pounced last week on a report that leaked the rebranding plans, arguing the company was aiming to distract from recent scandals and controversy.

An activist group calling itself The Real Facebook Oversight Board has warned that major industries like oil and tobacco had rebranded to “deflect attention” from their problems.

“Facebook thinks that a rebrand can help them change the subject,” the group said last week, adding the “real issue” was the need for oversight and regulation.

Facebook has just announced plans to hire 10,000 people in the European Union to build the “metaverse,” with Zuckerberg emerging as a leading promoter of the concept.

– Crisis mode –

The social media giant has been battling a fresh crisis since former employee Frances Haugen leaked reams of internal studies showing executives knew of their sites’ potential for harm, prompting a renewed US push for regulation.

Facebook has been hit by major crises previously, but the current view behind the curtain of the insular company has fueled a frenzy of scathing reports and scrutiny from US regulators.

“Good faith criticism helps us get better, but my view is that what we are seeing is a coordinated effort to selectively use leaked documents to paint a false picture of our company,” Zuckerberg said in an earnings call on Monday.

The Washington Post last month suggested that Facebook’s interest in the metaverse is “part of a broader push to rehabilitate the company’s reputation with policymakers and reposition Facebook to shape the regulation of next-wave Internet technologies.”

Google rebranded itself as Alphabet in a corporate reconfiguration in 2015, but the online search and ad powerhouse remains its defining unit despite other operations such as Waymo self-driving cars and Verily life sciences.

(AFP)

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Senate Confirms Taiwo Oyedele as Minister of State for Finance

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Taiwo Oyedele
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The Senate on Wednesday confirmed the nomination of Taiwo Oyedele as Minister of State for Finance following his screening before the upper legislative chamber.

Oyedele, a tax expert and former chairman of the Presidential Fiscal Policy and Tax Reforms Committee, was approved after lawmakers expressed confidence in his competence and professional experience. He is expected to replace Doris Uzoka-Anite in the role.

During the screening, Oyedele said his nomination offered him an opportunity to serve the country, noting that he had built his career in the private sector before advising the federal government on fiscal reforms.

He highlighted his experience at PricewaterhouseCoopers (PwC), where he served as Africa tax and policy leader with responsibility for more than 20 countries, adding that his work on international tax policy and economic reforms across more than 180 countries had prepared him to contribute to Nigeria’s economic transformation.

Oyedele also referenced his work as chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, noting that the committee had developed several reform initiatives, including four major tax reform laws recently passed by the National Assembly to modernise Nigeria’s fiscal framework and improve revenue generation.

He further emphasised the need for realistic budgeting, improved cash management and fiscal discipline, noting that delays in payments to contractors increase project costs and undermine trust in government, while reforms in tariff structures could encourage local manufacturing, create jobs and reduce reliance on imports.

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Tinubu Approves Posting of 65 Ambassadors, Sends Fani Kayode to Germany

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President Bola Tinubu
President Bola Ahmed Tinubu
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President Bola Ahmed Tinubu has approved the posting of 65 ambassadors-designate to various countries and international missions, comprising 31 career diplomats and 34 non-career envoys.

The ambassadors were earlier confirmed by the Nigerian Senate in December.

According to a statement issued by the State House, the postings cover diplomatic missions across Africa, Europe, Asia, the Americas, and the United Nations.

Among the non-career ambassadors, former presidential aide Reno Omokri was posted to Mexico City, Mexico, while former Minister of Health Isaac Folorunso Adewole will serve as Nigeria’s envoy to Canada.

Former Minister of Interior Abdulrahman Bello Dambazau was posted to China, while businessman and former senator Jimoh Ibrahim was designated as Nigeria’s Permanent Representative to the United Nations.

Also among the nominees are former Lagos State deputy governor Olufemi Pedro, who will head Nigeria’s mission in Australia, and former intelligence chief Ayodele Oke, who has been posted to France.

Other non-career envoys include Femi Fani-Kayode to Germany, Fatima Florence Ajimobi to Austria, and Nora Ladi Daduut to South Korea.

In the career category, several seasoned diplomats were assigned to key missions, including Amb. Mohammed Mahmud Lele to Algeria, Amb. Abdussalam Habu Zayyad to Senegal, Amb. Haidara Mohammed Idris to the Netherlands, and Amb. Ibrahim Danlami to Kenya.

The statement noted that the Federal Ministry of Foreign Affairs (Nigeria) has already received agrément from the United Kingdom for Ambassador Aminu Dalhatu, who will serve as High Commissioner.

France has also granted agrément for Ambassador Ayodele Oke as Nigeria’s envoy to Paris.

According to the presidency, the ministry has communicated the nominations of the other 62 envoys to their respective host countries and requested agrément in line with diplomatic protocol.

President Tinubu also directed the Ministry of Foreign Affairs to immediately commence the induction programme for the ambassadors-designate and High Commissioners ahead of their deployment.

 

POSTINGS OF NON-CAREER AMBASSADORS / HIGH COMMISSIONERS

S/N NAME                        MISSION APPROVED

1.   SENATOR GRACE BENT: LOME-TOGO

2.   SEN. ITA ENANG: SOUTH AFRICA

3.   IKPEAZU VICTOR: SPAIN

4.   NKECHI LINDA UFOCHUKWU: TEL-AVIV, ISRAEL

5.   MAHMUD YAKUBU: QATAR

6.   PAUL OGA ADIKWU: THE VATICAN CITY HOLY SEE

7.   VICE ADMIRAL IBOK-ETE EKWE IBAS: THE PHILIPPINES

8.   MR. RENO OMOKRI: MEXICO CITY, MEXICO

9.   HON. (ENGR.) ABASI BRAIMAH (FMHR): BUDAPEST, HUNGARY

10.   MRS. ERELU ANGELA ADEBAYO: PORTUGAL

11.   BARR. OLUMILUA OLUWAYIMIKA AYOTUNWA: TOKYO, JAPAN

12.   RT. HON. UGWUANYI IFEANYI LAWRENCE: ATHENS, GREECE

13.   BARR. CHIOMA PRISCILLA OHAKIM: WARSAW, POLAND

14.   AMINU DALHATU: UNITED KINGDOM, UK

15.   LT. GEN  ABDULRAHMAN BELLO DAMBAZAU: BEIJING, CHINA

16.   HON. TASIU MUSA MAIGARI: GAMBIA

17.   OLUFEMI PEDRO: AUSTRALIA

18.   BARR. MUHAMMED UBANDOMA ALIYU: ARGENTINA

19.   LATEEF KAYODE ARE: USA

20.   AMB. JOSEPH SOLA IJI: RUSSIA

21.   SEN. JIMOH IBRAHIM: UN PERMANENT REPRESENTATIVE

22.   FEMI FANI KAYODE: GERMANY

23.   PROF. ISAAK FOLORUNSO ADEWOLE: OTTAWA, CANADA

24.   AJIMOBI FATIMA FLORENCE (F): AUSTRIA

25.   MRS. LOLA AKANDE (F): SWEDEN

26.   AYODELE OKE:  FRANCE

27.   YAKUBU N. GAMBO: SAUDI ARABIA

28.   SENATOR PROF. NORA LADI DADUUT: SEOUL, SOUTH KOREA

29.   BARR. ONUEZE CHUKWUJIKA JOE OKOCHA SAN: DUBLIN

30.   DR. KULU HARUNA ABUBAKAR: TUNIS, TUNISIA

31.   RT. HON. JERRY SAMUEL MANWE: PORT OF SPAIN, T&T

POSTINGS OF CAREER AMBASSADORS / HIGH COMMISSIONERS LIST

S/N NAME MISSION APPROVED

1. AMB. NWABIOLA EZENWA CHUKWUMEKA: COTE D’IV/OIRE

2. BESTO MAIMUNA IBRAHIM: NIAMEY-NIGER

3. MONICA OKWUCHUKWU ENEBECHI: SAO TOME, STP

4. AMB. MOHAMMED MAHMUD LELE: ALGIERS-ALGERIA

5. ENDONI SYNDOPH PAEBI: OUAGADOUGOU-BURKINA FASO

6. AHMED MOHAMMED MONGUNO: CAIRO EGYPT

7. AMB.JANE ADAMS (NEE OKON) MICHAEL (F): KINGSTON-JAMAICA

8. AMB. CLARK-OMERU ALEXANDRA (F): LUSAKA-ZAMBIA

9. CHIMA GEOGGREY LIOMA DAVID: BAMAKO-MALI

10. AMB. ODUMAH YVONNE EHINOSEN: MALABO –E/GUINEA

11. AMB WASA SEGUN IGE: BEIRUT, LEBANON

12. RUBEN ABIMBOLA SAMUEL (F): ROME, ITALY

13. AMB.ONAGA OGECHUKWU KINGSLEY: MAPUTO, MOZAMBIQUE

14. AMB.MAGAJI UMAR: KINSASHA, DR CONGO

15. AMB.MUHAMMAD SAIDU DAHIRU: NEW DELHI-INDIA

16. AMB. ABDUSSALAM HABU ZAYYAD: DAKAR-SENEGAL

17. AMB SHEHU ILU BARDE: ACCRA GHANA

18. AMB.AMINU NASIR: ETHIOPIA

19. ABUBAKAR MUSA MUSA: N’DJAMENA, CHAD

20. AMB. HAIDARA MOHAMMED IDRIS: THE HAGUE-NETHERLANDS

21. AMB.BAKO ADAMU UMAR: RABAT-MOROCCO

22. AMB. SULU GAMBARI OLATUNJI AHMED: MALAYSIA

23. AMB.ROMATA MOHAMMED OMOBOLANLE (F): TANZANIA

24. AMB. SHAGA JOHN SHAMAH: BOTSWANA

25. SALAU, HAMZA MOHAMMED: TEHRAN, IRAN

26. AMB.IBRAHIM DANLAMI: KENYA

27. IBRAHIM ADEOLA MOPELOLA (F): COTONOU-BENIN

28. AMB.AYENI ADEBAYO EMMANUEL: BRUSSELS, BELGIUM

29. AMB.AKANDE WAHAB ADEKOLA: BERNE-SWITZERLAND

30. AMB. AREWA (NEE ADEDOKUN) ESTHER (F): WINDHOEK-NAMIBIA

31. AMB.GERGADI JOSEPH JOHN: LIBREVILLE-GABON

32. AMB. LUTHER OGBOMODE AYO-KALATA (F): SIERRA LEONE

33. DANLADI YAKUBU NYAKU : KHARTOUM-SUDAN

34. BELLO DOGON-DAJI HALIRU: BANGKOK, THAILAND

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Tinubu Orders Suspension of Cashless Payment System at Nigerian Airports

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President Bola Tinubu
President Bola Ahmed Tinubu
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President Bola Ahmed Tinubu has directed the immediate suspension of the cashless payment system recently introduced at airports across the country.

The Minister of Aviation and Aerospace Development, Festus Keyamo, disclosed this on Wednesday, March 4, while briefing State House correspondents after the Federal Executive Council meeting held at the Presidential Villa in Abuja.

According to Keyamo, the President ordered that the system be reviewed to ensure it operates efficiently without causing inconvenience to travellers.

“He directed that we go back to the drawing board, suspend the present system, and perfect a system that will work perfectly without putting unnecessary pressure on citizens,” the minister said.

Keyamo added that the review may involve collaboration with the private sector to develop a more seamless payment framework. In the interim, a hybrid system will be adopted, allowing travellers with payment cards to continue using them, while cash payments will also be accepted.

The cashless payment system was introduced this week by the Federal Airports Authority of Nigeria at the Lagos and Abuja airports. However, its rollout led to long queues and delays, prompting the President’s intervention.

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